Trading and Operations Associate

Osaic has returned to the office on a hybrid schedule requiring a minimum of 4 days weekly in the office. Applicants must be located in or willing to relocate to New York City.

About the role

Ladenburg Thalmann Asset Management (LTAM), a member of Osaic, is a registered investment advisor with over $7 billion assets under management. We are seeking a dedicated self-starter to join the Asset Management team as a Trading and Operations Associate. Candidates must be extremely detail-oriented with exceptional communication skills.

Responsibilities

Trading Tasks

• Actively trade and rebalance the model portfolios comprised of ETFs and mutual funds
• Generate orders in accounts using various systems
• Monitor concentration percentages of each fund for trading and risk management
• Monitor cash flows in accounts and execute trades accordingly
• Answer advisors’ questions on all trading activity, market analysis, and portfolio rebalancing
• Verify previous day’s trades
• Invest new accounts and track dollar cost averaging schedule for partially invested accounts
• Track and monitor accounts with systematic withdrawals, restricted positions, pending distributions, and any other exceptions
• Receive and process all account servicing forms for certain platforms (withdrawals, beneficiary updates, address changes)
• Review the firm’s five strategic asset allocations for adjustments to the portfolios along with the investment policy committee
• Create dispersion report for accounts with restrictions
• Provide updated model allocations to appropriate platforms and verify changes have been made
• All other duties as assigned

Operational Tasks

• Account servicing tasks such as processing withdrawals, beneficiary updates, address changes, etc.
• Establishing accounts on Black Diamond and various custodial platforms
• Monitoring cash flows in accounts and trade and bill accordingly
• Preparing assets under management, projected revenue, and profitability reports for executives

Requirements

• Bachelor's degree is required
• 2-5 years’ experience in a similar professional capacity
• Excellent verbal and written communication skills
• Dedicated work ethic and strong organizational skills
• Willingness to work extended hours in order to meet project deadlines
• Ability to work independently with little or no direction
• Excellent computer skills and proficiency using Microsoft applications including Excel, Word, PowerPoint, and Outlook

Preferred Qualifications

• FINRA Series 7 preferred
• Accounting experience

Pay

$75,000 - $80,000 per year + annual performance-based bonus

Benefits

• Health, vision, and dental insurance
• 401k
• Paid time away
• Volunteer days
• Additional benefits available (visit Osaic Benefits for details)

Schedule

Hybrid schedule requiring a minimum of 4 days per week in the office (640 5th Ave, 4th Floor, New York, NY 10019).